WESPAC Advisors LLC Reduces Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

WESPAC Advisors LLC reduced its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,672 shares of the company’s stock after selling 569 shares during the period. WESPAC Advisors LLC owned about 0.08% of Capital Group U.S. Multi-Sector Income ETF worth $591,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $51,000. Brookstone Capital Management purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $542,000. Farther Finance Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at approximately $84,000. Janney Montgomery Scott LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 57,816 shares of the company’s stock valued at $1,610,000 after buying an additional 13,608 shares during the last quarter. Finally, Von Berge Wealth Management Group LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.7% during the 3rd quarter. Von Berge Wealth Management Group LLC now owns 28,185 shares of the company’s stock valued at $770,000 after buying an additional 482 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.0 %

Shares of NYSEARCA:CGMS opened at $27.57 on Friday. The business’s fifty day moving average price is $27.39 and its two-hundred day moving average price is $27.54. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.49 and a one year high of $28.00.

Capital Group U.S. Multi-Sector Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were issued a dividend of $0.1089 per share. The ex-dividend date was Friday, January 31st.

About Capital Group U.S. Multi-Sector Income ETF

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.